IBT Staff Reporter

Asian stocks edged up on Friday, heading for a fifth straight week of gains, with energy stocks outperforming as oil held above $82 a barrel.

The U.S. Federal Communications Commission on Thursday launched a broadband test service to help consumers clock the speed of their Internet.

Australia’s higher education system could become an international example, says expert

The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.

Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.

Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.

The report by a court-appointed examiner into the collapse of Lehman Brothers Holdings Inc, the largest bankruptcy in U.S. history, was made public on Thursday.

The wife and daughter of Senate Majority Leader Harry Reid were injured on Thursday when their vehicle was rear-ended by a truck on a highway, the senator's office said.

taking lessons to the canals of Venice.

Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.

World's leading social network Facebook has done almost everything right to ensure that it stays number one for the years to come. It also had a variety of applications and services. However, one thing it lacked was a location based service.

Total knee replacement surgery improves balance in elderly patients.

The court-appointed examiner who investigated the collapse of investment bank Lehman Brothers Holding Co is set to make his report public after a judge ruled he could do so on Thursday.

The Swedish parliament approved a resolution to recognize the 1915 mass killings of Armenians during the Ottoman empire as genocide.

Top executives at aerospace group EADS will see their bonuses hit after the cost debacle surrounding the delayed A400M military transport aircraft, but staff will mostly be spared, its top personnel executive said on Thursday.

Wall Street was supposed to become the capital of a global carbon trading market worth a trillion dollars a year but now many who thought green trading desks would be the next big thing are fearing the pink slip.

Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday after bipartisan Senate talks collapsed, jeopardizing a top Obama administration priority and boosting bank share prices.

Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, a court-appointed examiner said, but he did not find extensive wrongdoing.

CBOE Holdings Inc plans a $300 million public offering in a long-awaited move that could allow the biggest U.S. options exchange to expand or be acquired.

President Barack Obama announced Thursday he will donate $1.4 million from his Nobel peace prize to ten charities.

Macy's Inc would see only minimal impact from a purchase of bankrupt General Growth Properties Inc by its larger rival, Simon Property Group Inc, said Terry Lundgren, chief executive officer of the department store chain.

The Internet has been nominated for the Norwegian Nobel Institute for the first time.

The House voted nearly unanimously on Thursday to send its ethics panel a Republican measure to investigate what House Democratic Party leaders and their staffs knew about allegations against former Rep. Eric Massa.

The S&P 500 gained 4.63 points, or 0.40 percent, to close at 1,150.24, below the 2010 intraday high of 1,150.45 and slightly above the closing high of 1,150.23, both made on January 15.

The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating a sluggish return to jobs growth. The U.S. trade gap shrank as oil imports fell.

Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate.

Bank of America Corp's push into the competitive realm of managing retirement assets is paying early dividends.

Exxon Mobil Corp will increase capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.

BP will pay $7 billion to Devon Energy for assets that will extend its reach into Brazil and bulk up its position in the Gulf of Mexico, as the world's top oil companies look to acquisitions to refill depleting reserves.